COBRA subsidy finally coming to an end
After a series of extensions, it looks like the federal COBRA premium subsidy program will come to an end on Aug. 31 – unless some last-minute extension is passed.
However, an extension looks unlikely as Congress hasn’t taken any action to extend the subsidy.
If your company has any COBRA participants who are still receiving the subsidy, you’ll may want to give them notice that the program is coming to an end very soon.
The last group of eligible participants – individuals whose COBRA assistance began in May 2010 – could collect the subsidy for 15 months. So, their eligibility runs out at the end of the month.
After Aug. 31, if individuals want to keep their COBRA coverage they’ll need to pay 100% of the premiums; the subsidy covered 65% of eligible individuals premiums.
- Share on
Free Training & Resources
Webinars
Provided by Yooz
Further Reading
There’s a Great Re-evaluation going on among your peers when it comes to health and well-being program benefits. That’s t...
Layoffs, inflation, AI … these are just some of the factors making employees feel more stressed about their jobs and career future. S...
Environmental, social and governance (ESG) ratings of companies was never as popular as many in the media made it out to be. And the more t...
Earned wage access, also known as on-demand pay, is being leveraged by your peers as a key recruitment and retention tool for workers who m...
Year after year, surveys show about half of all employees don’t tap their allotted personal time off (PTO). While some companies allo...
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigatio...
